Taxation of Investments in Bitcoins and Other Virtual Currencies: International Trends and the Brazilian Approach

31 Pages Posted: 19 Mar 2018  

Flavio Rubinstein

FGV DIREITO SP

Gustavo Gonçalves Vettori

University of São Paulo (USP); FGV Direito SP; Vettori, Rubinstein & Foz Advogados

Date Written: March 6, 2018

Abstract

This paper discusses international trends and current Brazilian regulatory and tax approaches to virtual currencies. It analyzes the main trends and challenges on regulation and taxation of virtual currencies identified internationally. It further analyzes the Brazilian approach to cryptocurrencies regulation and taxation, providing an outline of applicable tax rules and a perspective on how unregulated issues might be dealt with. Finally, it offers some conclusions on how Brazil currently fits current emerging international regulatory and tax framework for virtual currencies.

Keywords: virtual currency; bitcoin; digital curreny; cryptocurrency; tax; income; currency regulation

JEL Classification: K34

Suggested Citation

Rubinstein, Flavio and Vettori, Gustavo Gonçalves, Taxation of Investments in Bitcoins and Other Virtual Currencies: International Trends and the Brazilian Approach (March 6, 2018). Available at SSRN: https://ssrn.com/abstract=3135580

Flavio Rubinstein

FGV DIREITO SP ( email )

R. Rocha, 233, Bela Vista
São Paulo, 01330-000
Brazil

HOME PAGE: http://direitosp.fgv.br

Gustavo Gonçalves Vettori (Contact Author)

University of São Paulo (USP) ( email )

Rua Luciano Gualberto 315
São Paulo, São Paulo 14800-901
Brazil

HOME PAGE: http://www.fea.usp.br/usuarios/docente/gvettori

FGV Direito SP ( email )

R. Rocha, 233, Bela Vista
São Paulo, 01330-000
Brazil

HOME PAGE: http://direitosp.fgv.br/professor/gustavo-goncalves-vettori

Vettori, Rubinstein & Foz Advogados ( email )

Av. Pacaembu 1044
Sao Paulo, Sao Paulo 01234-000
Brazil

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